In recent years companies that buy houses for cash have gained a bad reputation. However, such companies are not the enemy. They actually help homeowners who need (and want) to sell their homes fast. Let’s take a look at several benefits homeowners receive when doing business with companies that buy houses for cash.
It’s a No-Frills Process
Selling in the traditional market is an intensive process. You have to repair and stage the home, list it, host numerous showings and open houses—and that’s just to get an offer. Then, there’s price negotiations, escrow, inspections, appraisals, and more. Deals commonly fall through due to the potential buyer changing their mind or not being able to secure funding. Dealing with a cash paying company doesn’t require lenders to get involved, so there’s no loan process to wait through. Plus, as you learn in the next section, they buy as-is and rarely require inspections.
When you choose to sell your home for cash, the process begins with a simple phone call. When you contact a company that buys houses for cash, they will ask some questions, take a look at the home (sometimes), make an offer, and finalize the sale. It’s fast and straightforward.
They Buy Homes “As Is”
When you put a home on the market, it’s recommended that you invest in repairs to make the home more desirable to a potential buyer.
Sometimes you don’t have to do much except maybe a fresh coat of paint, new faucets, new light fixtures, and some new bushes in the front yard. However, this depends on what condition the home is in and what types of problems exist. Some sellers will go as far as remodeling the bathrooms or kitchen, updating the flooring, or even having a new HVAC system or roof installed.
Those who sell to a company that buys houses for cash don’t have to worry about any of this. Not even fresh paint! They will give you an offer based on your home’s current condition. While you will most likely have to take less than you wanted for the home, consider the savings and the fact you don’t have to spend any money to make it happen.
Spare Your Credit
People who are facing foreclosure often turn to companies that buy houses for cash. It helps them avoid the entire foreclosure process and spares their credit. A foreclosure stays on your credit for seven years. So, even though you may have to sell for less, at least you can buy again when things turn around for you.
Close in Days, Not Weeks
The average traditional sale in Florida takes 90 days. The average cash sale takes 7 days! So, on top of repair costs, homeowners also save nearly 3-months’ worth of mortgage payments. Time is money, and selling for cash saves you both.
Companies that Buy Houses for Cash in Florida
In the end, companies that buy houses for cash aren’t for everyone. Yet, if you’re looking to sell fast for whatever reason, this is your best bet!
If you own a home in the Fort Myers, Cape Coral, or Naples area that you’re looking to get out from under quickly, contact us – we’d love to give you an offer!